Form 4: Bristow Group Inc. Executive Stuart Stavley Reports Stock Transactions

Stuart Stavley, COO of Offshore Energy Services at Bristow Group Inc., reports acquisition and disposal of common stock related to vesting of performance-based stock units.

Summary

• On May 10, 2024, Stuart Stavley, COO of Offshore Energy Services at Bristow Group Inc., acquired 3,874 shares of common stock at $34 per share due to the vesting of Cash Return on Invested Capital performance-based stock units (Cash ROIC PSUs).
• Also on May 10, 2024, 944 shares were withheld to cover the associated tax liability upon the vesting of the Cash ROIC PSUs at $34 per share.
• Additionally, on May 10, 2024, Stavley acquired 2,508 shares of common stock at $34 per share due to the vesting of Relative Total Stockholder Return performance-based stock units (RTSR PSUs).
• Finally, on May 10, 2024, 611 shares were withheld to cover the associated tax liability upon the vesting of the RTSR PSUs at $34 per share.
• Following these transactions, Stavley beneficially owns 77,141 shares of Bristow Group Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine stock transactions related to executive compensation. The vesting of performance-based stock units suggests that performance targets were met, which is mildly positive.

Positives

• The vesting of performance-based stock units indicates that performance criteria were met, which is a positive signal.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages including performance-based stock units are common across the aviation and energy services industries.
• Companies like CHC Helicopter and Era Group (prior to its acquisition) also utilized similar equity-based compensation plans to incentivize executives.
• The specific metrics used (Cash ROIC and RTSR) are standard measures for evaluating company performance and shareholder value creation.

Stakeholder Impact

• The vesting of stock units aligns management's interests with shareholders, potentially incentivizing actions that increase shareholder value.

Key Dates